BANK RECONCILIATION The cash account for Fleming Company contains the following information for April: Cash balance, 3/31
Question:
BANK RECONCILIATION The cash account for Fleming Company contains the following information for April:
Cash balance, 3/31 $ 3,500 Cash received during April 21,400
$24,900 Cash disbursements during April:
Check 7164 $11,000 Check 7165 1,800 Check 7166 3,900 Check 7167 6,100 22,800 Cash balance, 4/30 $ 2,100 The bank statement for April contains the following information:
Bank balance, 3/31 $11,800 Add: Deposits during April 21,400 $33,200 Less: Checks paid during April:
Check 7162 $ 5,200 Check 7163 3,100 Check 7164 11,000 Check 7165 1,800 21,100 Bank balance, 4/30 $12,100 Required:
. Identify the outstanding checks at April 30.
. Prepare the reconciliation of the bank and cash account balances at April 30.
. Identify the outstanding checks at March 31.
. Prepare the reconciliation of the bank and cash account balances at March 31.
Exercise
Step by Step Answer:
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen